Home > General > Cloud Database Leak Exposes 425GB of Financial Data

Cloud Database Leak Exposes 425GB of Financial Data


A financial startup (known as a fintech) has put almost half a terrabyte of data in a cloud based storage for use in a mobile app.

Security specialist with concerns for the inevitable future of OpenAPI for banking have been screaming about this nightmare for years. What do we do for the 100s of 1000s of people who have now lost their financial data?

Steps should be taken to encrypt this data at rest to address this very situation WHEN it happens and not allow the use of data by fintechs without these controls. Allowing banks to encrypt all data before it is shared and sharing the keys to registered companies may be the only sure way to prevent this in the future.

https://www.infosecurity-magazine.com/news/cloud-leak-exposes-425gb-financial/

Categories: General
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